EGP

Egypt Raises Minimum Wage to 8,000 EGP From July 2026

by

Prime Minister Mostafa Madbouly announced on Wednesday, April 1, 2026, that Egypt will do so He increases The monthly minimum wage increased to 8,000 Egyptian pounds (US$147.25) per month as of July. Madbouly He said The decision includes an increase of 1,000 pounds, and forms part of the measures that will be reflected in the … Read more

Egyptian Pound Slides Further as Dollar Nears EGP 55 and Growth Forecasts Are Cut

by

Egyptian pound Weakened The US dollar continued its movements on Tuesday, March 31, as the US dollar continued to move near the 55 Egyptian pound level in parts of the banking system, with regional tensions and broader pressures on trade supply chains weighing on market sentiment. Data Assembled Data from several banks showed at the … Read more